Turkey paid almost the same as the rest of the world for Bitcoin on Oct 11. Bought with lira at the official USD/TRY rate, $BTC carried a premium of +0.04%, or +4.3 bps.
The small gap came from the dollar side. Tether traded +5.5 bps above the official lira rate, which was last set on Oct 9. Bitcoin itself, priced in Tether on Turkish exchanges, sat -1.2 bps below the global price.
OKX TR was the dearest venue at +13.1 bps and Binance TR the cheapest at +1.6 bps. The 24 hour average was +9.9 bps and the 7 day average +2.1 bps. This is a price gap, not a trade anyone can execute at these numbers.
The small gap came from the dollar side. Tether traded +5.5 bps above the official lira rate, which was last set on Oct 9. Bitcoin itself, priced in Tether on Turkish exchanges, sat -1.2 bps below the global price.
OKX TR was the dearest venue at +13.1 bps and Binance TR the cheapest at +1.6 bps. The 24 hour average was +9.9 bps and the 7 day average +2.1 bps. This is a price gap, not a trade anyone can execute at these numbers.